GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Gafisa SA (OTCPK:GFSAY) » Definitions » Cyclically Adjusted PB Ratio

Gafisa (Gafisa) Cyclically Adjusted PB Ratio : 0.01 (As of Jun. 19, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Gafisa Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Gafisa's current share price is $1162.50598. Gafisa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $78,521.70. Gafisa's Cyclically Adjusted PB Ratio for today is 0.01.

The historical rank and industry rank for Gafisa's Cyclically Adjusted PB Ratio or its related term are showing as below:

GFSAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.09   Max: 0.31
Current: 0.01

During the past years, Gafisa's highest Cyclically Adjusted PB Ratio was 0.31. The lowest was 0.01. And the median was 0.09.

GFSAY's Cyclically Adjusted PB Ratio is ranked better than
98.7% of 77 companies
in the Homebuilding & Construction industry
Industry Median: 1.5 vs GFSAY: 0.01

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Gafisa's adjusted book value per share data for the three months ended in Mar. 2024 was $8.785. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $78,521.70 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gafisa Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gafisa's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gafisa Cyclically Adjusted PB Ratio Chart

Gafisa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.06 0.03 0.02 0.02

Gafisa Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.01 0.01 0.02 0.01

Competitive Comparison of Gafisa's Cyclically Adjusted PB Ratio

For the Residential Construction subindustry, Gafisa's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gafisa's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Gafisa's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gafisa's Cyclically Adjusted PB Ratio falls into.



Gafisa Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Gafisa's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1162.50598/78521.7
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gafisa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Gafisa's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.785/159.3724*159.3724
=8.785

Current CPI (Mar. 2024) = 159.3724.

Gafisa Quarterly Data

Book Value per Share CPI Adj_Book
201306 375.079 86.214 693.360
201309 333.793 86.749 613.233
201312 474.985 88.522 855.152
201403 481.797 90.447 848.950
201406 498.625 91.838 865.298
201409 474.859 92.602 817.258
201412 442.837 94.194 749.264
201503 384.960 97.799 627.326
201506 391.772 100.006 624.337
201509 314.078 101.392 493.681
201512 314.324 104.247 480.537
201603 326.428 106.979 486.298
201606 348.766 108.851 510.642
201609 357.970 109.986 518.707
201612 212.895 110.802 306.218
201703 197.578 111.869 281.476
201706 165.488 112.115 235.244
201709 154.167 112.777 217.863
201712 96.677 114.068 135.074
201803 127.611 114.868 177.052
201806 66.551 117.038 90.624
201809 59.846 117.881 80.910
201812 38.602 118.340 51.986
201903 34.843 120.124 46.227
201906 29.568 120.977 38.952
201909 37.537 121.292 49.322
201912 24.694 123.436 31.883
202003 0.000 124.092 0.000
202006 25.488 123.557 32.876
202009 14.337 125.095 18.265
202012 14.972 129.012 18.495
202112 14.179 141.992 15.915
202206 0.000 149.784 0.000
202209 0.000 147.800 0.000
202212 14.776 150.207 15.678
202303 0.000 153.352 0.000
202306 9.861 154.519 10.171
202309 9.208 155.464 9.440
202312 9.381 157.148 9.514
202403 8.785 159.372 8.785

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Gafisa  (OTCPK:GFSAY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Gafisa Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Gafisa's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Gafisa (Gafisa) Business Description

Traded in Other Exchanges
Address
Avenida Presidente Juscelino Kubitschek, No. 1830, Block 2, 3rd Floor, Sao Paulo, SP, BRA, 04543-900
Gafisa SA is a Brazilian company that is engaged in the real estate development of residential units on behalf of third parties. It provides civil construction and civil engineering services, develops and implements marketing strategies related to its own and third-party real estate ventures, and invests in other companies that share similar objectives. The company operates in Sao Paulo and its metropolitan area.

Gafisa (Gafisa) Headlines

From GuruFocus

A Major Gafisa

By Barel Karsan Barel Karsan 08-30-2013

Sam Zell Touts Investment in Brazil

By matsandalex matsandalex 11-22-2011

Weekly Guru Bargains Highlights: GFA, NYX, BRCD, EMN, TK

By gurufocus gurufocus 09-18-2011

GAFISA S.A. - MATERIAL FACT

By PRNewswire PRNewswire 03-18-2023